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A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice. An ascending channel indicates a bullish trend, with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.

A descending channel indicates a bearish trend, with the support line connecting consecutive lower lows and the resistance line connecting consecutive lower highs. Generally speaking, the support line of an ascending channel is a buy zone and the resistance line of a descending channel is a sell zone, while the opposing lines are profit-taking zones. A common stop level lies on the other side of the buy or sell zone. Conservative traders may look for additional confirmation before entering a trade. TradingView has a smart drawing tool that allows users to visually identify channels on a chart.
TheDNote TheDNote BTCJPY, 15, Long ,
3 0 0
BTCJPY, 15 Long
Rising channel on JPY exchange suggests bullish price action

We are seeing a rising channel in the Japanese markets suggesting bullish price action to come, this could mean a jump to 6500 is more likely than i previously thought, keep your eyes open

Trend_Analyst Trend_Analyst EURGBP, 1D, Short ,
49 0 0
EURGBP, 1D Short
EURGBP Looking Good for a Move Lower From Channel Resistance

EURGBP Has been trading within a channel for the last 9 months. It is currently testing the upper channel line, the last 2 days candles both with long upper shadows show the bulls are not able to push prices higher at the moment. Fridays doji candle shows indecision, the bulls managed to push prices higher but the bears drove them back down again to close near the ...

andmk2 andmk2 KEFI, 1W, Long ,
19 0 0
KEFI, 1W Long
KEFI breaks its channel

KEFI breaks it's downward channel but will it lead to a trend reversal. Needs to break 11 to do that. Wait and see?

30 0 0
XLMBTC, 1D Long
Kennedy Channels

Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance . * Darker shade = primary channels * Lighter shade = auxiliary channel

Forex_Academy Forex_Academy BTCUSD, 1D, Short ,
27 0 0
BTCUSD, 1D Short
Bitcoin failed to reach the confluence area

Price increased but continues to be under some selling pressure on the short term as long as it is trading below the SL of the ascending pitchfork. The rate has shown an oversold signs when it has faield to reach and retest the downside line of the down channel. You should know that the perspective remains bearish as long as the rate stays within this channel. A ...

57 0 2
EOSUSD, 240
Kennedy Channels (May 2018)

EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels * ...

30 0 1
EOSUSD, 240
EOS Kennedy Channels (May 2018)

EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels * ...

51 0 0
BTCUSD, 1D
BTC - Critical Support test coming

Daily chart showing BITTREX:BTCUSDT approaching the bottom of the parallel channel and more importantly, the Weekly bear trend it left back in April. Should bottom of the channel break then there is a good chance of us returning to the overall downward trend that start at beginning of the year. #PrayForBTC

33 0 0
XAUUSD, 60
XAUUSD Wait for channel breakout.. Good one!!!

Gold is in a little 1hr channel, lets wait to see the price action. if breaks to the upside we continue bullish until 1310 region as target 1 and 1325 region as target 2. Also is touching a Daily strong trend line. If the price continue dropping we can expect around 150 200 pips more. Keep an eye on this one..

44 0 0
CADJPY, 240
CADJPY with double option!!

CADJPY close to a Daily region, we can expect a pull back until the trend line and continue the bearish movement, or can break the daily region and continue to the up side until next resistance. Lets wait for a candle confirmation.

theansweris42 theansweris42 BTCUSD, 60, Short ,
45 1 0
BTCUSD, 60 Short
Wave 2 Corrective in Progress. Down to ~$7200-7800

This wave-count posits a slide to the floor of the Kennedy base channel of the motive wave beginning early April down @ ~$7200

LeeThompson97 LeeThompson97 ETHUSD, 30, Long ,
206 0 2
ETHUSD, 30 Long
Ethereum buy opportunity after breakout & retest

Currently price is at the bottom of a bullish channel. Within this larger channel is a descending channel which price broke out of and is now retesting the support. The combinations of these two and the long term bullish prospects gives a great entry for a buy opportunity,

Jack_Boulevard Jack_Boulevard VIBBTC, 240, Short ,
8 0 1
VIBBTC, 240 Short
VIBBTC SHORT

Vib has broke out of the channel it has been in for some time. It has also opened and moved below a key 4 hr support. If we get a close below 2199 then i will be shorting my position and looking to reenter at a lower price. Target may be around the 2015 mark.

theansweris42 theansweris42 BTCUSD, 60, Short ,
403 3 9
BTCUSD, 60 Short
Wave 2 Corrective in Progress. Down to ~$8065

I have an Elliott wave count which reveals a completed five-wave impulse. Using Kennedy channeling and Elliott wave I predict a retracement to ~$8065.

-Westy- -Westy- BTCUSD, 15, Short ,
290 1 4
BTCUSD, 15 Short
10% BTC Sale Now On!

End of Week Sale, 10% discount while stocks last

AUDUSD: Lovely situation on AUDUSD
04:27
63 0 1
AUDUSD, 480
Lovely situation on AUDUSD

Nice channel but with real uncertainty, as always. I'll say little here, as it's all in the video. This is a lovely situation for new traders to play with on a paper trading account. Have a go! It's only play money. Remember when we were kids? We learned by playing.

mda_fx mda_fx GBPJPY, 240, Short ,
32 0 0
GBPJPY, 240 Short
(4 HOURLY) GBPJPY (SHORT)

-Description potential false breakout, price closed above channel but was unable to sustain this and re-entered the channel. i am anticipating price to fall to the support of the channel or moving averages may act as dynamic support so, i am anticiapting 2 enteries, 1st held till moving average (dark blue MA), 2nd held till channel support.

naynay97 naynay97 SPX500USD, 60, Short ,
23 0 0
SPX500USD, 60 Short
spx500usd bearish

Descending channel plus lower low to lower high are being made so this indicates bearish move and also bearish triangle pattern is also formed as well. That is 3 indications that this CFD will go bearish.

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